#XRPETFs This week, the cryptocurrency market is buzzing with the launch of three exchange-traded funds (ETFs) based on futures contracts for XRP, approved by the U.S. Securities and Exchange Commission (SEC). These will be launched by ProShares on April 30, 2025, and include:  

• ProShares Ultra XRP ETF – offers 2x leveraged exposure to the price of XRP

• ProShares Short XRP ETF – allows betting on the decline of the price of XRP

• ProShares UltraShort XRP ETF – offers -2x leveraged inverse exposure 

These ETFs are based on futures contracts and do not directly hold XRP tokens. They allow investors to speculate on the price movements of XRP without holding the underlying asset. This launch comes after the conclusion of the case between Ripple and the SEC, which removed the legal hurdles for XRP.